April North Shore Real Estate Observations

(May 26, 2013)

RE: April 2013
Recently a client asked me to describe my local North Shore Real Estate market.
As North Vancouver and West Vancouver are different , I have two different answers.
  • North Vancouver houses...stable.
  • West Vancouver houses....picking up.

My Observations on Houses SOLD April 2013
Most Active Ranges
  • North Shore (Deep Cove to Furry Creek)... $800,000 to $ 900,000
  • North Vancouver......................................... $600,000 to $ 700,000
  • West Vancouver....................................... $1,400,000 to $ 1,500,000

Number of SOLD Houses April 2013
  • North Shore Water View....................................52 houses
  • West Vancouver + $3.5 million..........................10 houses

Condos in both markets flat, sort of. What I mean is that condo prices today are roughly at 2007 prices.

Is now a good time to buy or sell? Well... do you want to move? Do you need to move? If the answer is yes, move.

Do you want to buy an investment property or are you currently renting?
Then now is opportunity time. The lowest price sale for a condo in NV was $190,000. Great value!

North Shore real estate may not have the gain potential of penny mining stocks, it is more like Blue Chip stock. Not cheap, but long term stable. Low interest rates added to the mix.....why not acquire a property in one the the most desirable places in the world to live in?

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